Pebblebrook Hotel Trust (NYSE:PEB) Raised to Buy at Stifel Nicolaus

Stifel Nicolaus upgraded shares of Pebblebrook Hotel Trust (NYSE:PEB) from a hold rating to a buy rating in a research report sent to investors on Friday morning, MarketBeat reports. The firm currently has $15.00 target price on the real estate investment trust’s stock, up from their prior target price of $14.75.

PEB has been the topic of several other reports. Compass Point upgraded Pebblebrook Hotel Trust from a “neutral” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Thursday, November 21st. Wells Fargo & Company lowered their price objective on Pebblebrook Hotel Trust from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Friday, September 13th. Truist Financial reduced their target price on Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “hold” rating for the company in a research report on Monday, October 28th. StockNews.com lowered shares of Pebblebrook Hotel Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Finally, Robert W. Baird reduced their price objective on shares of Pebblebrook Hotel Trust from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $14.42.

Pebblebrook Hotel Trust Stock Performance

NYSE PEB opened at $13.73 on Friday. The company’s fifty day moving average is $12.87 and its two-hundred day moving average is $13.27. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of -47.34, a P/E/G ratio of 0.64 and a beta of 1.85. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.81 and a quick ratio of 0.81. Pebblebrook Hotel Trust has a 52-week low of $11.65 and a 52-week high of $16.65.

Pebblebrook Hotel Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend was Monday, September 30th. Pebblebrook Hotel Trust’s payout ratio is -13.79%.

Insider Buying and Selling

In other Pebblebrook Hotel Trust news, CEO Jon E. Bortz acquired 13,000 shares of Pebblebrook Hotel Trust stock in a transaction on Thursday, November 21st. The shares were bought at an average price of $12.68 per share, with a total value of $164,840.00. Following the completion of the purchase, the chief executive officer now owns 1,395,284 shares in the company, valued at $17,692,201.12. This trade represents a 0.94 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jon E. Bortz sold 11,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $21.37, for a total value of $235,070.00. Following the completion of the sale, the chief executive officer now owns 1,349,284 shares of the company’s stock, valued at approximately $28,834,199.08. This trade represents a 0.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Pebblebrook Hotel Trust

Hedge funds have recently added to or reduced their stakes in the stock. Covestor Ltd raised its stake in shares of Pebblebrook Hotel Trust by 80.1% in the third quarter. Covestor Ltd now owns 4,471 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 1,989 shares during the last quarter. Quarry LP increased its holdings in shares of Pebblebrook Hotel Trust by 2,376.9% in the second quarter. Quarry LP now owns 4,508 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 4,326 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Pebblebrook Hotel Trust by 35.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,677 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 1,212 shares during the last quarter. FMR LLC lifted its holdings in Pebblebrook Hotel Trust by 10.8% during the 3rd quarter. FMR LLC now owns 9,069 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 884 shares in the last quarter. Finally, FORA Capital LLC bought a new position in Pebblebrook Hotel Trust in the 3rd quarter valued at $133,000.

Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust ("REIT") and the largest owner of urban and resort lifestyle hotels and resorts in the United States. The Company owns 47 hotels and resorts, totaling approximately 12,200 guest rooms across 13 urban and resort markets.